Floating Solar Panels Market Research Report – Forecast to 2023
The rapid exhaustion of fossil fuel has intensified the adoption of renewable energy, out of which, solar energy is expected to scale new heights in the foreseeable future. Floating solar panels are gaining popularity among the population due to its advantages over the conventional panels. This trend is estimated to perpetuate over the next couple of years.
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The demand for floating solar panel is excessively increasing in the countries that are prone to droughts and countries with massive water bodies. Furthermore, the initiatives undertaken by the governments across the world for promoting the shift towards renewable energy have a favorable impact on the expansion of the floating solar panels market. These panels can also be installed in hydroelectric plants which is likely to drive the growth of the market in the forthcoming years. However, high installation cost remains an impediment to the market proliferation.
Our report offers an unbiased commentary on the global floating solar panels market highlighting the current market status, ongoing industry trends, and key developments. It also analyzes the micro and macroeconomic factors that are poised to influence the market prospects. The scope of the report covers different products such as stationary floating solar panels and tracking floating solar panels. It also studies the market on the basis of location, which includes offshore and onshore. The regional analysis of the market covers Europe, Asia Pacific, North America, and the Rest of the World.
The report encompasses an in-depth analysis of the market foresight, historical data, key market divergences, and market factor analysis which covers Porter's five forces analysis and supply chain of the market. A market share analysis of the key players and a detailed study of the value of the market by region as well as segmentation is also included in the report. Furthermore, it presents a country-level analysis of each market segment.
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Some of the key players operating in the global floating panels market are GEITS,
Wuxi Suntech Power Co.,
Ciel & Terre,
Japan Mega Solar Power Co.,
Suntech Power Holdings Co.,
Trina Solar Limited,
and Sharp Corporation.
We have leverages robust, cutting-edge methodologies for drawing actionable insights into the market. An extensive primary and secondary research is undertaken for extrapolating the market shifts. Top-down and bottom-up approaches are employed for authenticating the credibility of the quantitative data available in our reports. Furthermore, a multi-layer verification process is engaged that reaffirms the quality of the information delivered for keeping our clients ahead of the curve.
• Stationary floating solar panels
• Tracking floating solar panels
• North America
• Asia Pacific
• Rest of the World
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